While 2020 has been a rough year for many including Vince McMahon, the WWE Chairman and CEO has seen his wealth increase.
The Middleton Press has an article up looking at Connecticut billionaires that have done well during the coronavirus pandemic. It turns out that McMahon is on the list as his net worth has grown from $1.8 billion to $1.977 billion.
This increase came from March to June. This is a $177 million increase during the COVID-19 pandemic, which is about 9.8%.
Tom Swan, CCAG executive director, wrote the following about the report:
“This report is a stark reminder of the level of inequality in Connecticut. It also makes clear that any austerity arguments are disingenuous when the legislature begins to grapple with Connecticut’s legacy of white supremacy and looming budget challenges.”
It should be noted that McMahon has had a tough time in recent months from positive COVID-19 tests in WWE and budget cuts in addition to folding the XFL by filing for bankruptcy.
He’s also dealing with several lawsuits against WWE and Oliver Luck suing him for wrongful termination for his exit from the XFL.
Despite the challenges, McMahon is pushing forward with holding TV tapings at the Performance Center.